Register
Which inventory method results in the highest net income during periods of rising prices? a. LIFO b. Weighted average c. FIFO d. Specific identification
31.9k views
9 votes
Which inventory method results in the highest net income during periods of rising prices?

a. LIFO
b. Weighted average
c. FIFO
d. Specific identification

User Atamata
by
8.2k points

1 Answer

13 votes
The answer is c. FIFO
User Rajdeep D
by
7.8k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
The government’s involvement in economy serves what two purposes?
Link Copied!